RBC Capital downgraded Confluent (CFLT) to Sector Perform from Outperform with a price target of $31, up from $30, after the company entered into an agreement to be acquired by IBM (IBM) for $31 per share in cash.
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Read More on CFLT:
- Confluent downgraded to Peer Perform from Outperform at Wolfe Research
- Confluent downgraded to Neutral from Buy at DA Davidson
- Confluent downgraded to Neutral from Outperform at Mizuho
- Confluent downgraded to Hold from Buy at Deutsche Bank
- Hold Rating on Confluent’s Acquisition by IBM: Balancing Valuation and Market Dynamics